AUD/USD fell during the session on Monday as the "risk off" trade came back into play. The Federal Reserve is more than likely going to add to quantitative easing this week, and as such the commodity currencies should do well. We believe the 1.03 level should be supportive for this pair as well, and as such think the Aussie grinds higher again.
The NZD/USD isn't as clean of a trade, but we see 0.80 as vital at this point. If we can stay above it - we should see higher prices by the end of the week. If we get disappointment out of the Fed this week, both of these pairs could fall apart.
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